1www.womenofcolor.net

October 13-15, 2016

Detroit Marriott

Renaissance Center

Detroit, MI

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October 14TWO THOUSAND SIXTEEN

DETROIT, MICHIGAN

JACKSONFINANCIALFREEDOM

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https://chaching.cartoonnetworkasia.com/music_videos.php?cc=en&epi=1

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JACKSON IS A

COMPANY

RETIREMENTSOLUTIONS

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Jackson 5

Financial services company

Founded in 1961

More than 4 million customers and 4,700 associates today

A national leader in annuity sales

$230.4 billion in IFRS assets (as of 06/30/16) and consistent financial strength ratings

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BELIEFS ABOUT MONEY START AT HOME

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Money Scripts

Brad Klontz, Psy.D., Kansas State UniversitySonya L. Britt, Ph.D., Kansas State UniversityJennifer Mentzer, B.S., Kansas State UniversityTed Klontz, Ph.D., Klontz Consulting Group

Money Scripts

Money Beliefs and Financial

Behaviors=

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Money avoidance - Money corrupts people, or It’s not okay for me to have a lot of money when others don’t.

Money worship - These beliefs often boil down to variations of Money can buy happiness and You can never have enough money.

Money status - Such scripts equate self-worth to net worth: Success is measured by the money I earn, or If I live a good life I’ll be taken care of financially.

Money vigilance - Many of these money scripts are helpful, not harmful. They include It’s important to save for a rainy day and You should always look for the best deal before buying something—even if it takes more time.

Source: Kiplinger Article Your Worst Money Problems Are All In Your Head by Anne Kates Smith

Money Scripts

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Emilio’s Money Script

Balancing the checkbook with Dad…

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Danielle’s Money Script

Stuffed animals for sale…

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Klontz Money Script Inventory

1. I do not deserve a lot of money when others have less than me.2. More money will make you happier.3. Money buys freedom.4. I would be a nervous wreck if I did not have an emergency fund.5. If something is not considered the “best”, it is not worth buying.6. Rich people are greedy.7. Poor people are lazy.8. If you cannot pay cash for something, you should not buy it.9. It is not OK to have more than you need.10. I will not buy something unless it is new (eg car, house).11. People get rich by taking advantage of others.12. It is important to save for a rainy day.13. You can never have enough money.14. Money would solve all my problems.15. Your self-worth equals your net worth.16. You should always look for the best deal, even if it takes more time.

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Money Script

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Tools to Address Money Scripts

Awareness of automatic thoughts around money, and their origin, can be a profoundly transformational experience.

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Tools to Address Money Scripts

1. Financial therapy interventions2. Money Script Log3. Healthy Money Mantra4. Financial Planner

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U.S.

SITUATION

FINANCIALLITERACY

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U.S. Ranks 14th in Financial Literacy

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U.S. High School Financial Education

Source: Council for Economic Education 2016 Economic and Personal Finance Report

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HELPIS ON THE WAY!

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Federal Government Resources

USA.gov – Create a Budget, Save for Retirement, Tools to Research Investmentshttps://www.usa.gov/saving-investing My Money – Skills for Kidshttp://www.mymoney.gov/Pages/default.aspx Consumer Financial Protection Bureau – Toolkits and Training to make Informed Financial Decisionshttp://www.consumerfinance.gov/empowerment/

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State & Local Financial Empowerment

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Jackson’s Center for Financial Insight

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Jackson Charitable Foundation

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START PLANNING YOUR

TODAYDreams

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The New Life Stage

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The New Life Stage

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Planning for the Future

Retirement Planning

Planning for Life Yes!

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Small Step to Financial Freedom?

Fogg Method – 3 Steps to Changing Behavior

Source: BJ Fogg, PhD, Stanford University, http://www.foggmethod.com/

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1. Financial Freedom Skills worksheet

2. Take the Money Scripts Inventory

3. Educate Yourself

4. Find a Financial Professional

What’s Your Small Step to Financial Freedom?

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You’re Not in it Alone!

to Financial Freedom! Small Steps

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October 14TWO THOUSAND SIXTEEN

DETROIT, MICHIGAN

JACKSONFINANCIALFREEDOM

31www.womenofcolor.net

October 13-15, 2016

Detroit Marriott

Renaissance Center

Detroit, MI